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Falling rand prompts App Store price hike
The other markets affected by price increases include Canada, Israel, Mexico, New Zealand, Russia and Singapore, a document sent to App Store developers showed according to TNW.
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The report said that the increase in prices was due to “large fluctuations” in exchange rates. Apps in the cheapest tier in the US App Store cost $0,99, so R18,99 is directly comparable at an exchange rate of R16,80/$ plus 14% South African VAT.
Those wanting more insight into the new tariffs should have a look at this PDF published on Apple’s website.
If you’re subscribing to an app via in-app purchase, Apple will email you about the change if you’re in Canada, New Zealand, Mexico, or Singapore to let you know. If you have a renewing subscription, Apple will notify you with an email about the price change ahead of the next subscription payment, although customers in Russian Federation and South Africa will have to resubscribe manually. Israel will not be impacted, as auto-renewable In-App Purchase subscriptions are not supported there.
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Apple has informed developers that it is planning to change App Store pricing in a number of countries, including Singapore, within the next 72 hours.